YES, @meerkat1 You are missing something, So I will shed some light on it for you & others. If they have missed it also.
"The gas sales volumes for the quarter which commenced part way through November were 19,581gj’s of processed gas which equated to revenue of $264,344.Accrued sales income for both gas and liquids due to the Company at the end of the quarter equates to approximately $1.05m."
1....The $264,344 Revenue for the Gas only (AND that was just for about 6weeks worth, ie: From Mid-November.) Resulting in 19,581Gj's of Processed Gas.....therefore = $13.5000255349 per G/J (which is probably 100% higher than Santos or the other BIG producers get, because of the Gov't Caps)
2....The difference Between $1.05M and $264,344 = $785,656 (Income from Liquids IE: Condensate ( which can be used to thin out Killanoola waxy oil ) also Ethane revenue.
As you can see the liquids are almost 200% more valuable than the gas. Not to shabby for only 6weeks worth of PRODUCTION....... YES ...ROG / WE ARE A PRODUCTION COMPANY NOW!
Thank YOU - Andrew Knox (especially) and your team for making this happen!
Cheers to ALL ROG Shareholders! Certainly puts a smile on my dial, hope it does, yours.
ROG Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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